Canada is not sold on electric vehicles, according to the latest study by J.D. Power. The second annual J.D. Power Canada Electric Vehicle Consideration Study found 66% of Canadian consumers said they are “very unlikely” or “somewhat unlikely” to consider an EV for their next vehicle purchase. That 34% consideration rate is a significant drop […] [Read More]

AutoVerify, Equifax Canada and TD Auto Finance teamed up to ease a critical pain point expressed by consumers: Uncertainty about what they can afford to spend on a vehicle. On Thursday, the companies released AV Pre-qualify, which can allow users to determine the amount they can borrow and also see if they qualify for an […] [Read More]

Like many of us, the Black Book team celebrated the Fourth of July on Tuesday, so its newest installment of Market Insights appeared on Wednesday, giving analysts the chance to compile their data wrapping up June and glimpsing into the first day of the new month. What Black Book found was all 22 vehicle segments […] [Read More]

America’s Group, consisting of America’s Auto Auction and AXLE Funding, announced the promotions of three leaders to executive director positions. Keith Fetz has been named executive director of digital strategy, Sawyer Walker is now executive director of national sales and Melissa Miller has been promoted to the role of executive director of marketing. Fetz will […] [Read More]

Editor's Note: This is a small excerpt from Cherokee Media Group's upcoming “State of the Used Car Industry” report. The full report will be available this month. The prime reason vehicles are pricier to purchase in the wholesale market and will likely remain that way for years to come? Blame lack of supply. “The mix of the (used-vehicle supply) is different overall, volume is different,” Black Book chief data science officer Alex Yurchenko said during a presentation at the NIADA Convention in June. The estimated available wholesale supply of vehicles up to 8 years old fell to ... [Read More]

Holand Automotive Group, one of Canada’s leading luxury automotive retailers and owner of Ferrari Quebec in Montreal, has acquired Ferrari South Bay in Torrance, Calif., in the greater Los Angeles area. The acquisition is Holand’s first in California, one of North America’s top Ferrari markets. The company said the Ferrari South Bay showroom has been […] [Read More]

Craig Zinn, president and CEO of Craig Zinn Automotive Group, has initiated an animal-assisted therapy endowment at Joe DiMaggio Children’s Hospital. CZAG will fund the initial needs of the program while building the endowment of $500,000 to provide income from interest and fund the program in perpetuity. The company said after seeing how valuable and […] [Read More]

The Honda Civic grabbed the top spot on Carvana’s mid-year list of its 10 best-selling vehicles. The online retailer’s most popular cars included six sedans, which it said signals affordability and accessibility are critically important to customers in the used vehicle market. No. 2 on the list was the Chevrolet Equinox, followed by the Nissan […] [Read More]

Wolters Kluwer recently shared the results from its latest industry survey it commissioned to better understand where automotive dealer and auto finance professionals are still finding barriers in adopting more digitized solutions for back-office documentation processing. Wolters Kluwer presented an online survey to more than 2,000 automotive dealer, finance company and service provider professionals during […] [Read More]

A traditional measuring stick for subprime auto financing has been that consumers in this segment typically top out at a $400 monthly payment. The newest data from Edmunds perhaps showed how unlikely it is those subprime customers can swing the monthly payment for a new vehicle. New-vehicle transaction data from Edmunds released on Monday showed […] [Read More]